Does data excite, inspire, or even amaze you?
Does the idea of discovering patterns in large volumes of information make you want to roll up your sleeves and get to work? Do you find computer science and its applications within the business world more than interesting? If you answered yes to any of these questions, you may want to consider a career in business intelligence (BI).
In the age of information, business information and intelligence, if utilized strategically, has the power to propel a business far above their competitors as well as exponentially boost brand awareness, internal engagement, organizational efficiency, and profitability. The BI and analytics industry is expected to soar to a value of $26.50 billion by the end of 2021. Moreover, companies that use BI analytics are five times more likely to make swifter, more informed decisions.
Despite these findings, the undeniable value of intelligence for business, and the incredible demand for BI skills, there is a severe shortage of BI-based data professionals – with a shortfall of 1.5 million in the USA alone.
That’s where you come in.
To tap into one of the exciting business intelligence careers available in today’s business environment, you will first need to develop a mix of specific BI skills, which are numerous and apply to many industries, making the shift easier.
So, what skills are needed for business intelligence career? How do you get into this field? Do you need a good business intelligence resume? How does a career in this field look like? And what other things do you need to consider to succeed in a BI-based role? Here, we will answer all of these questions and more, starting with the reasons to migrate towards one of the exciting careers in business intelligence that companies are currently offering in the digital world.
Why Shift To A Business Intelligence Career?
This all-encompassing branch of online data analysis is a particularly interesting field because its roots are firmly planted in two separate areas: business strategy and computer science.
To understand this concept in a practical context, check out this video featuring an explanation from analyst Sonya Fournier:
Now that we’ve explored BI in a real-world professional context, let’s look at the benefits of embarking on a career in the field.
1. It’s Flexible
BI is a varied and expansive field, with many different areas to focus on or specialize in. This variety affords a great deal of career flexibility without the need to completely shift your areas of expertise or skill set.
For example, if you enjoy computer science, programming, and data but are too extroverted to program all day long, you could work in a more human-oriented area of intelligence for business, perhaps involving more face-to-face interactions than most programmers would encounter on the job.
As BI professional Martin at the BI Cortex explains:
“Some people are made to spend long hours writing code... However, I quickly got really fidgety, longing for some human interaction. There is so much flexibility and variety when doing BI that other IT-related paths seem too bland or streamlined for my liking.”
On the flipside, if you enjoy diving deep into the technical side of things, with the right mix of business intelligence skills, you can work a host of incredibly interesting problems that will keep you in flow for hours on end.
2. There’s A Wealth Of Choice
With analytical and business intelligence skills, you can also choose to work with specific types of firms or companies operating within a particular niche or industry. For example, if you’re passionate about healthcare reform, you can work as a BI professional who specializes in using data and online BI tools to make hospitals run more smoothly and effectively thanks to healthcare analytics.
Alternatively, if you enjoy other aspects of IT, including system administration, you could work with smaller companies and wear multiple hats. For instance, you could be the “self-service BI” person in addition to being the system admin.
3. A Wealth Of Job Openings And Compensation
Now, let’s get down to the “meat and potatoes” for a second. One great reason for a career in business intelligence is the rosy demand outlook. According to the US Bureau of Labor Statistics, demand for qualified business intelligence analysts and managers is expected to soar to 14% by 2026, with the overall need for data professionals to climb to 28% by 2020. This beats projections for almost all other occupations.
The Bureau of Labor Statistics also states that in 2015, the annual median salary for BI analysts was $81,320. Let’s look at where a career in business intelligence currently sits in terms of salary and compensation.
In the US, developer salaries in the field stand at around $86,000 per annum, with analytics managers earning an average of $105,000 per annum across the nation.
A career in business intelligence compensates very well in Europe, too. In Germany, even a junior BI role will earn you an average of EUR 62,300 per annum, and in Switzerland, you can make as much as EUR 108,400 per annum.
**Image source: datacareer.ch**
For a full rundown of European BI salary averages, check out this resource from Data Career. Not bad, huh? It seems that a business intelligence career path is very well paid, indeed. However, you should always keep in mind that salary figures and demand for BI professionals are highly dependent on geographical location and industry. This is because according to Recruiter.com, the vast majority of BI positions are in California, New York, or Texas. Your salary and the demand for BI skills will be higher if you live in one of those states.
Image source: Recruiter.com
What Are The Necessary Business Intelligence Skills?
We've established that a career in the field is potentially rewarding and well compensated, but what skills are needed for a career in this most reward field of work? Let's take a look.
The specific BI skills necessary for a career in the field vary according to whether you want to be more of a back-end or a front-end BI professional. To simplify things, you can think of back-end BI skills as more technical in nature and related to building BI platforms, like online data visualization tools.
Front-end analytical and business intelligence skills are geared more towards presenting and communicating data to others. Regardless of the choice you make, you can always switch directions as your career progresses. You might also end up taking on all of these roles if you work at a smaller company. But no matter what path you choose, the following business intelligence skills are necessary – without them, you will be building a career based on very flaky foundations, limiting your prospects and increasing your potential for failure.
First of all, SQL Programming. SQL (or Structured Query Language) is a programming language that is commonly used in BI. Even if you are more of a front-end BI professional, you’ll need to know SQL and how to use it.
To help you with your studies, you can start here with a list of the best SQL books that will help you take your skills to the next level.
- Data Analysis. Most BI skills and intelligence analyst-related skills are about using data to make better decisions. You need to be good at examining many different sources of data and then making accurate conclusions about them.
- Problem-solving. BI isn’t just about analyzing data; it’s also about creating business strategies and solving real-world business problems with that data. For example, you could be the one to extract actionable insights from specific retail KPIs that need to be visualized and presented during a meeting.
- Specific industry knowledge. While some of this can and will be learned on the job, you need to have a solid grasp of the industry’s dynamics, particularly the areas of the field that you’re looking to work in. Over time, you’ll want to become an expert in your industry as this will increase your ability to connect data with business problem-solving.
- Communication skills. In addition to acquiring intelligence analyst-related skills, you’ll need to be able to communicate your findings effectively to the other professionals you’ll be working with. To some extent, if you work in back-end BI, you won’t need to communicate quite as much. However, if you work in front-end, you’ll be responsible for communicating technical concepts to non-technical people. This kind of role requires excellent communication skills.
- Advanced vision and attention to detail. By its very nature, a career in business intelligence is incredibly detail-oriented. As a BI analyst or developer, you'll often work with the smallest fragment of information with the objective of turning it into actionable insight. You will need a great deal of forward-thinking vision and the ability to pay very close attention to detail to succeed in the fast-paced world of BI.
- Business acumen. Last but not least on our list of essential BI skills is a little something called business acumen. To thrive in a business intelligence career, you will need to possess a swift ability to understand your company’s business model and how to tailor your efforts to not only gain maximum value from your key performance indicators (and the KPI management process) but also make strategic decisions that will help your organization succeed on a continual basis.
What Are the First Steps To Getting Started?
Let’s delve into those all-important first steps to embarking on a business intelligence analyst career path in addition to other related BI-based job roles, starting with aiming for success at a student level.
a) If You’re A Student
If you're a student, you have one of the most important advantages on your side – time. This is especially true if you’re early enough into your undergraduate career to choose your major. Some of the best degrees for those interested in a business intelligence career include:
- Management Information Systems
- Any branch of Computer Science
- Business-related degrees
However, if you are about to graduate with a history degree, for example – have no fear. The professional world is filled to the brim with people working in areas that have absolutely no relevance to their college major. The most important thing you can do is gain experience in the real world.
This brings us to our next subject...
Gaining work experience
One way you could start a career in business intelligence is by getting accepted for an internship working at a company with a dedicated analytics department that can teach you about DSS software. Some of the big-name companies of this kind include Facebook, Google, and Linkedin, but there are many others you can find, with even more on the horizon as digital technologies continue to evolve. Getting an entry-level position at a consulting firm is also a great idea – the big ones include IBM, Accenture, Deloitte, KPMG, and Ernst and Young.
Another excellent approach is to gain experience directly in the office of a BI provider, working as a data scientist or a data visualization intern, for instance. This way, you will be immersed in the core business and acquire primary hands-on experience.
During the application process, make it clear that you’re interested in the field of BI and willing to carve out a niche in that area as you work on your projects.
b) If You’re Already In The Workforce
If you’re already in the workforce, you have one advantage that students don’t – experience. And hopefully, some transferable skills.
For example, if you’re already an excellent communicator, project manager, or business strategist, you already possess skills that are crucial to success in intelligence for business. Alternatively, if you come from a more IT-related background, you are armed with a wealth of tech-based skills that are invaluable in the BI field.
Your first and biggest step will come in the form of finding job positions, examining the skills and qualifications these roles demand and then analyzing the holes in your skill set that you need to fill.
This could involve anything from learning SQL to buying some textbooks on data warehouses. If you’d like some resources in this area, we have posts on related business intelligence books and business intelligence podcasts you can use to start your research.
To help shape your career-boosting efforts, we will now explore 3 sought-after branches of analytical and business intelligence skills, business intelligence analyst skills, and developer and engineer-based skills as well as their role in a professional working environment.
Business Intelligence Job Roles
We’ll start by looking at the basis of a business intelligence analyst career path before moving onto development and engineering roles.
1. Business intelligence analyst
A BI analyst is responsible for drilling down into large sets of relevant data, including KPIs, that a business or organization uses in relation to the development of various processes, initiatives, and departments. A BI analyst assists in strategic thinking, data-driven decision-making, and the discovery of new, valuable insights. What makes a good BI analyst? Let's take a look at relevant business intelligence analyst skills:
- Relevant and demonstrable experience in the BI analyst field.
- Excellent leadership and interpersonal skills.
- A firm grasp of business strategy and KPIs.
- A fundamental understanding of SQL and the technical aspects of BI.
- A well-crafted business intelligence resume.
- A working understanding of cloud computing and data visualization
2. BI developer
We've examined business intelligence analyst skills as well as what makes a good BI analyst. Now, let's move onto development. A slightly more technically-driven role, a BI developer is responsible for building, creating, or improving BI-driven solutions that help analysts transform data into knowledge, including data dashboards. BI developer skills encompass crafting and executing data-driven queries upon request as well as the ongoing technical development of a company's BI platforms or solutions. Here is a more specific rundown of BI developer skills:
- Demonstrable experience in the areas of BI development or data science.
- A background in (or a firm grasp of) data warehousing and mining.
- Up-to-date knowledge of the BI industry and its various languages or systems.
- A strong analytical mind with proven problem-solving abilities.
- A well-crafted business intelligence resume.
- The ability to innovate with computer science-centric competencies.
A BI consultant needs to provide expertise in design, development, and implementation of BI and analytics tools and systems. S/He is responsible for providing cost-effective solutions to achieve business objectives, comparing operational progress against project development while assisting in planning budgets, forecasts, timelines, and developing reports on performance metrics. This is a holistic role that needs a background in mathematics or science with fully utilizing these (tech) skills:
- Understand, manipulate data and statistics
- Fully capable of using analysis tools and software
- Expert knowledge of data visualization tools
- Project management mastery
4. BI engineer
Working in close collaboration with BI analysts and developers as well as clients, customers, and various internal departments, an engineer is responsible for not only helping to fine-tune BI-based platforms, processes, and tools within an organization but also for the ongoing strategic implementation of such tools, including dashboard tools. The role of a business intelligence engineer is incredibly rich, varied, and demanding. Here is a comprehensive description from MIT to explain all the finer details.
To succeed as a business intelligence engineer, you will need to acquire business intelligence analyst skills as well as BI developer skills, building on these competencies by gaining a deeper knowledge of each area of BI. You’ll also need to possess excellent project management abilities to succeed in this role. Moreover, as this is becoming an increasingly competitive role (equal to a business intelligence analyst career path), you will also need to ensure that your ‘resume BI engineer’ is flawless, eye-catching, and innovative, especially if you want to set yourself apart from the pack.
To help you improve your business intelligence engineer resume, or as it’s sometimes referred to, ‘resume BI engineer’, you should explore this BI resume example for guidance that will help your application get noticed by potential employers.
You’ll Need To Learn!
Whether you’re a student or a working professional, you need to have as much knowledge as possible of intelligence for business in addition to the specific industry that you want to migrate towards.
There is a lot to learn. The best way to shortcut this process is to go on LinkedIn, pay for an InMail service, and reach out to BI professionals that you feel could offer you valuable information or insights, asking if they would like to have coffee or lunch with you.
During your search, you’ll notice that such professionals can have a few different job titles. According to Key2Consulting, some common titles include:
- Big Data Developer
- BI Consultant
- Database Applications Developer
- Data Warehouse Developer
- Data Warehousing Consultant
- ETL Developer
Once you’ve sparked up a dialogue, you can ask your chosen professionals a raft of in-depth questions about their day-to-day tasks and responsibilities and how you can get involved. You could also reach out to your existing network or ask your college or university professors for advice or referrals if you’re a student.
You should also consider going to meetups about data science. Yes, they exist.
These are going to be your people. As any truly great recruiter will tell you, raw skills can only take you so far. It’s just as much about who you know as what you know.
You need to gravitate towards these communities to get connected. Whether a friend or connection introduces you to a new job right away isn’t the point. The point is to start building a group of friends, mentors, and professional connections that you can talk to about data science and intelligence for business.
Over time, you will undoubtedly find that your newfound network is your greatest career asset. And alongside a great business intelligence resume, success will be yours sooner than you think.
A career in BI offers a unique opportunity to blend technical skills, business problem-solving skills, and communication skills into one rewarding, exciting, and ever-evolving career.
Working in BI gives you a lot of flexibility regarding the specific industries you want to work in and problems that you want to solve. We have seen that restaurants can also benefit from analytics and there are many big data examples which also show how analytics can help measure employee satisfaction as well as improve it.
Combined with an optimistic outlook for job growth and solid compensation, these factors all mix to make a business intelligence career path worth exploring.
If you want to get started in BI, focus on developing relationships with industry professionals first. They’ll give you the “on the ground” guidance you need to figure out your exact next steps. Take their advice, work on your BI skills, and continue to learn. Don’t be afraid to ask “dumb” questions. Working on your BI resume won’t hurt, either.
But above all, don’t be afraid to make a career switch if you’re unhappy where you are at now.
To summarize, here are the top skills you will need in a business intelligence career:
- Data Analysis
- Specific industry knowledge
- Communication skills
- Advanced vision and attention to detail
- Business acumen
And if you want to start practicing your skills, and don't have much experience, you can check out our software with interactive tutorials to explore a proper BI tool for a 14-day trial! And it's completely free!